Wednesday, December 02, 2015

Russia Wants to Sell off SeaLaunch

Russia’s Roscosmos State Corporation and Energia Rocket and Space Corporation (RKK Energia) are trying to find an investor or a buyer for the Sea Launch project as soon as possible due to the high costs of its infrastructure maintenance, a source in the rocket and space industry told TASS on Tuesday.

"The search for investors continues. Negotiations are underway. The project’s management has the task to find an investor or a buyer as soon as possible in order to relieve Roscosmos and RKK Energia of the financial burden associated with the infrastructure maintenance, first of all, marine vessels," the source said.